According to data provided by the Department of the Treasury, the US 30-year real or inflation-adjusted Treasury yield has risen above zero for the first time in eight months.
The 10-year real yield has also risen by 20 basis points to -0.80%
That weakens the case for investing in store of value assets such as gold. The yellow metal is currently trading near $1,806 per ounce, representing a 0.11% drop on the day. Prices rose more than 1.4% to levels above $1,800 on Monday.
Source from https://www.fxstreet.com/news/us-30-year-inflation-adjusted-treasury-yield-turns-positive-for-first-since-june-2020-202102230112
No comments:
Post a Comment